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Parman - Activate OP_GFY now!!
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Bitcoin KYC cleaner (it's true), Bitcoin security and self-custody mentor, Bitcoin author, and private key whisperer. PGP: E7C061D4C5E5BC98 Creator of Parmanode https://parmanode.com Creator of ParmaDrive https://parmanode.com/parmadrive Creator of ParmanodL https://parmanode.com/parmanodl Creator of ParmAirGap https://parmanode.com/parmairgap Creator of BitVotr Protocol https://bitvotr.com Bitcoin Mentorship https://armantheparman.com/mentorship KYC Free Collaborative Custody Service https://armantheparman.com/parmanvault Lost Bitcoin/Crypto Recovery Service https://armantheparman.com/recovery/ Security Review Service https://armantheparman.com/bsr Assiter of Boomers https://bitcoin4boomers.com Essays

Any wife: "Because I was right about that unrelated thing before, it means I'm right about this."

I can now create signed Nostr events from the command line, and it's making me erect.

Lol, not really. The fuck up was not intentional, still not sure what caused it

Messing around with my relay, unhostedwallet.com, it's having issues.

Just testing, nothing to see here, GFY.

"Tax is ok, I'm happy to pay tax".

=

"I think people getting raped is ok, I like sex".

So if ETFs are raking in huge volumes, why isn't the price higher? Parman's take...

1. BlackRock buys spot bitcoin with new customer dollars. Customers receive ETF shitcoin in return (never redeemable for bitcoin, only government money). This has upward pressure on price.

2. At the same time, BlackRock could (and probably is) opening a short position, using customer bitcoin as collateral. This has equal and opposite price pressure to #1

3. A combination of #1 and #2 causes a soaking up of dollar demand via the ETF, while increasing open interest, and increasing the risk to BlackRock - because BlackRock is massive, and may have some secret access to printed $, the risk is manageable, while attacking Bitcoin, making NGU fail, and making bitcoin adoption seemingly boring. That could be their strategy.

Solution - accept that ETF demand does not contribute to bitcoin price or adoption, and expect some of that interest will be converted to genuine bitcoin buying. When we have nearly all the bitcoin in self custody, the ongoing spot demand will cause the spot price to decouple from ETF price. This will destroy them, but it means we have to be patient. Instead of expecting to see the price track up as we collect all the bitcoin, expect nothing to happen, then one day, expect everything to happen all at once.

Like a sponge that you add drops of water to, one at a time, the sponge collects all the drops, but then at some point, it begins to leak.

During this time when the sponge is collecting all the drops (ie we buy all the bitcoin without seeing price appreciate), the attackers are hoping our interest dwindles, we develop high time preference and sell/enjoy life, instead of fight in the revolution.

Stay strong. I'm dying on this hill.

https://armantheparman.com/futures

The BlackRock shorts are covered by customers' bitcoin, so they can never get liquidated.

And customers can never demand their Bitcoin - they can only sell their ETF to some other bozo.

Black Rock would never have to give any dollars back to ETF clients (I think). Clients just sell to other buyers.

When BlackRock are exposed, all that will happen is the ETF price will be different to the Bitcoin spot price. BlackRock is not at risk.

Now exactly who is performing which action can be different - All they need to do is collaborate (conspire)

Help in DMs, How does scarcity in money lead to abundance?

This is something that jeffbooth@nostrverified.com

says, and i was asked how to explain it...

Abundance comes from humans specialising to produce what they are best at, rather than trying to do everything themselves.

In a world where the is no money, you have to barter. In that world, it's very risky specialising in producing only what you're good at because it hurts your ability to trade (barter).

You get what you want through trade, so that improves your life, but there isn't abundance of things because production capacity is low, as people aren't efficient at making things - they're wasting time.

When society evolves to have money, we get more production (and abundance).

This makes everyone have more, and it's the same as "things are cheaper".

Money measures the products available.

All the money buys all the things.

Fixed money supply --> more things. Then prices become lower for each thing.

If everything available doubles, and money supply doubles, the abundance doesn't lead to things being cheaper. Prices stay the same.

So even though there is more stuff, you don't get to benefit, as someone else printed money and stole those cheap goods - now prices go back to what they were.

It's like a company has overproduced something and sells them at a discount. Then before everyone's awake at 5:00 a.m, some people with extra money (counterfeited) come and buy a lot, deplete the supply, and then price goes back up, so the general public doesn't benefit from the extra production.

If you know what job this man has, we can be friends.

It's a little racist, I know, but today I aggressively didn't sell any bitcoin.

Bitcoin defunds the state. Pass it on.